British automakers warn a hard Brexit would cost $130 billion

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Europe and Britain’s car industries called on Monday on the two sides to urgently clinch a free trade agreement, warning that a disorderly Brexit would cost the sector 110 billion euros (£101.79 billion) in lost trade over the next five years. Less than four months before a post-Brexit transition period ends in December, Britain and the European Union’s talks on a trade deal for 2021 onwards have been plunged into crisis, after Britain tabled a plan to break the divorce treaty both sides signed

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British automakers warn a hard Brexit would cost $130 billion originally appeared on Autoblog on Mon, 14 Sep 2020 09:27:00 EDT. Please see our terms for use of feeds.

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